The Treasury Gets Shares In More Banks

The
nationalization of the banking sector continues apace. After
distributing $125 billion to major financial firms, The Treasury
is set to acquire preferred shares in a number of regional banks.
The scale is quite a bit smaller:

CNNMoney: Ten regional banks announced Monday that they will
get a total of about $18 billion in federal funds under the
bailout program aimed at resuscitating the ailing sector.Included
in that group were two Ohio-based firms KeyCorp and Huntington
Bancshares, both of which said they had been approved to get
money as part of the the Treasury's Capital Purchase Program.
They will receive a total of $3.9 billion.

Others on the list include Capital One, Valley National, First
Horization National, Regions Financial, SunTrust, Provident
Bancshares, Northern Trust and City National